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Why Pepsi Spent $2B on Poppi (Hint: It’s Not Just About the Soda)

Pepsi didn’t just buy a sparkling drink.

They bought momentum.

In May 2024, PepsiCo dropped a jaw-dropping $2 billion to acquire Poppi.

Was it because of the ingredients? The flavors? The cute cans?

Not quite.

They bought into a brand that built something bigger than product.

Poppi Didn’t Sell Soda — It Sold a Story

While legacy soda brands clung to sugar and shelf space,

Poppi tapped into a cultural shift:

👉 Gut health over sugar highs

👉 Function over fizz

👉 Wellness over nostalgia

It wasn’t just about the drink.

It was about how the drink fit into a new identity.

What Poppi Got Right (That Everyone Else Missed)

Poppi nailed what most brands overlook:

  • A clear enemy → Traditional soda & bloated wellness fads
  • A movement to join → Gut health made cool
  • A relatable tone → Playful, modern, and made for TikTok
  • True virality → Not just shareable — craveable branding

They didn’t fight for space on the shelf.

They earned space in people’s minds.

What Pepsi Really Paid For

That $2B wasn’t for the product alone.

It was for:

  • Mindshare — Poppi owns the “cool gut health” lane
  • Community — Poppi didn’t sell drinks, it sparked loyalty
  • Cultural relevance — They built a brand that moved with the people

Pepsi didn’t create this shift.

Poppi did.

Pepsi just bought in late — and paid a premium.

Final Word

Brands that win today don’t just sell.

They resonate.

They connect.

They mean something.

Poppi didn’t just create a drink.

They created a reason to care.

That’s what Pepsi paid for.

Follow for more breakdowns of brands that don’t play small — they play smart.

About WonderAds

Founded by Alice Santos and Alex Pavlenco who both spent close to a decade in the digital marketing space – Alex working for the top marketing companies in the world (Adobe & Dentsu) with global clients (like EasyJet, Deliveroo, Chanel, Santander, F1, etc) and Alice working as a health & wellness influencer with a social media in the hundreds of thousands.

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